United Financial Bancorp Inc. (UBNK) Sees Unusually-High Trading Volume
United Financial Bancorp Inc. (NASDAQ:UBNK) saw an uptick in trading volume on Friday . 101,006 shares changed hands during trading, an increase of 20% from the previous session’s volume of 84,277 shares.The stock last traded at $13.72 and had previously closed at $13.55.
Separately, Hovde Group lowered shares of United Financial Bancorp from an “outperform” rating to a “market perform” rating and set a $14.00 price objective for the company. in a report on Wednesday, July 20th.
The stock has a market capitalization of $689.99 million and a PE ratio of 15.60. The company’s 50-day moving average price is $13.36 and its 200-day moving average price is $12.81.
United Financial Bancorp (NASDAQ:UBNK) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.03. Analysts predict that United Financial Bancorp Inc. will post $0.87 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Shareholders of record on Friday, July 29th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, July 27th.
In other United Financial Bancorp news, Director Kevin E. Ross sold 21,018 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $13.20, for a total value of $277,437.60. Following the completion of the transaction, the director now directly owns 56,017 shares of the company’s stock, valued at $739,424.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Bars sold 6,775 shares of the business’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $13.44, for a total value of $91,056.00. Following the completion of the transaction, the director now directly owns 64,492 shares of the company’s stock, valued at $866,772.48. The disclosure for this sale can be found here.
United Financial Bancorp, Inc is a bank holding company. The Company, through its subsidiary United Bank (the Bank), delivers financial services to individuals, families and businesses in Connecticut and Massachusetts, including retail, commercial and consumer banking, as well as financial advisory services.
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